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Why Is Crypto Down? Data Shows Bitcoin Tracking US Liquidity Drain


Why Is Crypto Down? Data Shows Bitcoin Tracking US Liquidity Drain

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  • Arthur Hayes predicts a crypto market rebound once the US government shutdown ends due to rising liquidity.
  • Hayes noted a strong correlation between Bitcoin’s recent 8% drop and a 5% decline in the US liquidity index.
  • The approval of spot ETFs has deepened Bitcoin’s ties to mainstream macroeconomic factors.

BitMEX co-founder Arthur Hayes has revealed a correlation between Bitcoin’s price and the US dollar liquidity, highlighting the influence of mainstream factors on the cryptocurrency market. 

In a recent analysis, Hayes highlighted how mainstream fiscal factors are currently dominating cryptocurrency market trends. He predicts the broader digital asset market will experience a significant resurgence immediately after the ongoing US government shutdown ends.

Read The Full Article Why Is Crypto Down? Data Shows Bitcoin Tracking US Liquidity Drain On Coin Edition.

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